Incus Capital (Incus) announces a €60m senior financing to an international real estate private equity firm for the acquisition and redevelopment of an office building in Berlin, Germany. This transaction marks Incus’s first deal in Germany, following the opening of its Frankfurt office in 2024.
The property comprises circa 10,000m2 of gross lettable area and is currently partially rented and is located in close proximity of the famous KaDeWe department store. The sponsor plans to redevelop the building, creating value by densifying and upgrading it to meet the highest ESG standards.
The sponsor is a seasoned Pan-European value-add asset manager with extensive experience in office redevelopment in Germany, particularly in the Berlin market.
“We are delighted to support this globally renowned institutional investor on such a high-quality project. Incus Capital continues to demonstrate its ability to provide flexible and customized financing solutions to companies and projects across the European market. Our focus is always on delivering tailor-made solutions within our clients’ timelines,” said Alejandro Moya, Partner and Head of Real Estate.
“We are thrilled to close our first German transaction with this first-class sponsor. The German market currently presents numerous attractive investment opportunities, and we look forward to continuing working in future deals. Incus aims to build long-term partnerships with both foreign and German companies, helping foster their German growth strategies,” added Philipp Ellebracht, Head of Germany.
Incus Capital was advised by DLA Piper, Drees & Sommer, CBRE, Colliers and Berkers.
Image source - Toivo.
Europe Real Estate — an overview of real estate developments in European countries.
